Palo Alto Networks, Inc. (NYSE:PANW) had its price target hoisted by investment analysts at BMO Capital Markets from $160.00 to $170.00 in a report issued on Tuesday, StockTargetPrices.com reports. The brokerage currently has a “market perform” rating on the network technology company’s stock. BMO Capital Markets’ price objective points to a potential upside of 19.27% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Imperial Capital raised shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $137.00 to $165.00 in a research note on Tuesday, September 5th. BidaskClub raised shares of Palo Alto Networks from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Argus raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $183.00 price objective for the company in a research note on Tuesday, September 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. Palo Alto Networks presently has an average rating of “Buy” and a consensus price target of $160.57.

Shares of Palo Alto Networks (NYSE:PANW) opened at $142.53 on Tuesday. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $162.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 1.65.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The firm had revenue of $505.50 million during the quarter, compared to analysts’ expectations of $489.36 million. During the same period last year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. analysts expect that Palo Alto Networks will post -0.5 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/21/palo-alto-networks-inc-panw-price-target-raised-to-170-00-at-bmo-capital-markets.html.

In other Palo Alto Networks news, insider Nir Zuk sold 2,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $145.01, for a total value of $290,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carl M. Eschenbach sold 1,572 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the transaction, the director now directly owns 3,619 shares of the company’s stock, valued at $524,718.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 284,744 shares of company stock worth $42,239,296. 4.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Trust Advisors LP raised its stake in shares of Palo Alto Networks by 55.1% in the third quarter. First Trust Advisors LP now owns 204,302 shares of the network technology company’s stock worth $29,440,000 after acquiring an additional 72,573 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Palo Alto Networks by 32.5% during the second quarter. Parametric Portfolio Associates LLC now owns 95,049 shares of the network technology company’s stock worth $12,719,000 after buying an additional 23,292 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Palo Alto Networks by 17.3% during the second quarter. Synovus Financial Corp now owns 14,361 shares of the network technology company’s stock worth $1,919,000 after buying an additional 2,122 shares during the last quarter. Cambridge Trust Co. raised its stake in shares of Palo Alto Networks by 48.5% during the third quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock worth $19,758,000 after buying an additional 44,759 shares during the last quarter. Finally, Trellus Management Company LLC bought a new stake in shares of Palo Alto Networks during the third quarter worth approximately $461,000. 78.34% of the stock is owned by institutional investors.

About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Stock Target Prices

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

Receive News & Ratings for Palo Alto Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.